MOIL with less fundamental stars is reduced to Neutral
MOIL (IN), a company active in the Steel industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date February 22, 2022, the closing price was INR 170.00 and its expected value was estimated at INR 173.52.MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products, such as electrolytic manganese dioxide and high carbon Ferro manganese alloy. The Company operates through three segments: mining, manufacturing and power generation. The Company operates approximately three opencast and over seven underground mines. The Company has total mining leases over an area of approximately 1,613.61 hectares land, out of which over 699.06 hectares land is in Maharashtra and approximately 914.54 hectares land is in Madhya Pradesh. The Company has produced over 1.03 million tons of various grades of manganese ore. The Company has approximately two wind farms of over 4.8 megawatts (MW) and approximately 15.2 MW situated at Nagda Hills and Ratedi Hills respectively in District Dewas near Indore, Madhya Pradesh. The Company has generated approximately 36.5 million kilowatt-hours of electricity.
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